RE: makes no sensethe problem, for the millionth time, is the junior share market keeled over and died two months ago. Volumes, bids, and general interest have dropped to absolute zero, despite the fact that gold and silver are up 2% this year, metals, oil, and other commodities are up, China is up, and the dollar is down. Looks like pre-bull market in the 1990s to me.
SDRG is one of many stocks down big in the past 2-3 months, and more than most because it had a hiccup. No mercy for nearly any gold stock, let alone one that had a problem.
In the big picture, say what you will positive or negative about the company, the only real "issue" they have had has been late, but completely kosher filings, principally b/c of the incompetence of their auditor.
And of course they are taking care of all these issues as we speak, including a new auditor, CFO, Bd. of Directors, etc..
At some point, hopefully ASAP, the stock will find its bottom. As you say, given the company's assets and outlook, makes no sense to be this low, but then again, in a bad market this is what can happen.